Deal Details

Follow-On Offering

---

Summary

About

Summit Midstream Partners, LP (“Summit Midstream Partners” or the “Partnership”) (NYSE: SMLP) recently completed a follow-on offering of 7,475,000 common units at a price of $30.75 per unit, generating gross proceeds of approximately $229.9 million. The Partnership intends to use the net proceeds from the offering to fund a portion of the acquisition of all of the issued and outstanding membership interests in Polar Midstream, LLC and Epping Transmission Company, LLC.

Summit Midstream Partners is a growth-oriented limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. The Partnership provides natural gas gathering, treating and processing services pursuant to primarily long-term and fee-based natural gas gathering and processing agreements with its customers and counterparties. The Partnership currently operates in four unconventional resource basins including the Appalachian Basin, which includes the Marcellus Shale formation in northern West Virginia; the Williston Basin, which includes the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; and the Piceance Basin, which includes the Mesaverde formation and the Mancos and Niobrara shale formations in western Colorado and eastern Utah. The Partnership is managed by Summit Midstream Partners, LLC, which indirectly owns and controls the Partnership’s general partner. Summit Midstream Partners is headquartered in the Woodlands, Texas.

---

For additional information about this transaction, please contact: